'It has become increasingly clear that money and student debt are major hurdles for parents and students to get over as they consider higher education,' Adrian President Jeffrey Docking said.

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Adrian College students soon won't need to worry about making student loan payments if they don't land a well-paying job right after graduation.

Starting with next year's freshman class - as well as first-year or second-year transfer students - the private Michigan college promises to make up to all of a student's loan payment if he or she earns less than $20,000 and up to $37,000 annually.

The innovative program is the latest in a string of efforts being launched by colleges across the state and nation to address rising levels of student debt, resulting from steady increases in tuition. ...